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Friday, 14 July 2017

Recent Research into the US Drill Guide Systems and Disposables 2017

US Market Report for Drill Guide Systems and Disposables 2017 - MedCore is a new market research publication announced by Reportstack.

General Report Contents• Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends• Market Drivers & Limiters for each chapter segment• Competitive Analysis for each chapter segment• Section on recent mergers & acquisitionsIn 2016, the drill guide systems and disposables market was valued at just under $170 million, a modest increase over the previous year. Growth was driven by an uptick in units sold while ASPs remained relatively stable. Unit growth was driven by an increase in the number of arthroscopic procedures performed each year.

The drill guide market can be further segmented to the systems market and the disposables market. In 2016, the drill guide disposables segment accounted for nearly 90% of the total market for drill guide systems and disposables. Many arthroscopic procedures are considered as ambulatory surgeries, which are commonly performed in ambulatory surgery centers (ASCs). These outpatient centers are physician-owned and are known to be more efficient than hospitals. Patients are able to leave shortly after their surgery, saving them time and money. However, ASCs often have smaller budgets than hospitals and are therefore more price-sensitive. This has had a limiting effect on the ASP of drill guides, which negatively affected the total market revenue in the United States.